The number of active fibre-to-the-home connections in Telkom’s network has leapt past the number of legacy copper connections.
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Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
The International Finance Corporation has partnered withLiquid Intelligent Technologies to expand data centre capacity and roll out fibre-optic cable in Africa.
Shares of MTN Nigeria hit an all-time high on Monday after receiving approval to operate mobile money services in Africa’s most populous country.
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”.
Exclusive | The communications regulator is moving to defuse the looming court battle over its planned withdrawal of Covid-19 temporary spectrum.
Less than three years after terminating its roaming agreement with MTN in favour of a similar arrangement with Vodacom, Telkom is back roaming on the MTN network.
MTN Group has reported a 19.1% improvement in service revenue on the back of strong performances in data and mobile money.
MTN Group plans to proceed with a public offer to sell up to 575 million shares in its Nigerian business.
Telkom said on Friday that it’s revenue will remain flat for the six months to end-September, despite the growing demand from consumers for broadband.